Clear Secure Inc (YOU)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020
Gross profit (ttm)	US$ in thousands	476,805	453,297	430,455	444,981	416,316	392,065	364,158	300,603	276,380	242,603	207,849	173,794	149,017	137,837	138,659	154,088	157,081
Revenue (ttm)	US$ in thousands	770,488	735,183	697,146	660,272	613,579	570,867	526,399	479,251	437,434	389,840	341,479	293,934	253,953	226,449	215,266	220,066	230,796
Gross profit margin		61.88%	61.66%	61.75%	67.39%	67.85%	68.68%	69.18%	62.72%	63.18%	62.23%	60.87%	59.13%	58.68%	60.87%	64.41%	70.02%	68.06%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $476,805K ÷ $770,488K
= 61.88%

Clear Secure Inc's gross profit margin has shown some fluctuations over the reporting period. It started at a relatively high level of 68.06% as of December 31, 2020, and gradually increased to reach a peak of 70.02% by March 31, 2021. However, from that point onwards, the gross profit margin experienced a downward trend, dropping to 58.68% by the end of December 31, 2021.

Subsequently, there was a slight recovery in the gross profit margin, which reached 63.18% by the end of December 31, 2022. However, the margin continued to fluctuate within a narrower range between 59% and 69% over the next two years, showing some level of volatility in company profitability.

Overall, although the gross profit margin of Clear Secure Inc has shown fluctuations, it generally remained above 60%, indicating that the company is able to effectively control its production costs and generate a reasonable level of profit from its sales.